Banco Santander-Chile (NYSE:BSAC) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Banco Santander-Chile (NYSE:BSAC) from a sell rating to a hold rating in a report issued on Wednesday.

Banco Santander-Chile Stock Down 0.4 %

Shares of BSAC opened at $17.91 on Wednesday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.80 and a current ratio of 1.80. Banco Santander-Chile has a one year low of $16.89 and a one year high of $21.81. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.36 and a beta of 0.84. The stock has a 50 day moving average price of $19.30 and a 200 day moving average price of $18.95.

Banco Santander-Chile (NYSE:BSAC) last issued its quarterly earnings results on Friday, February 2nd. The bank reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $621.60 million during the quarter, compared to analysts’ expectations of $609.98 million. Banco Santander-Chile had a return on equity of 9.62% and a net margin of 9.58%. Equities research analysts forecast that Banco Santander-Chile will post 1.85 earnings per share for the current fiscal year.

Institutional Trading of Banco Santander-Chile

Several large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in Banco Santander-Chile by 10.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,569 shares of the bank’s stock valued at $167,000 after buying an additional 815 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Banco Santander-Chile by 6.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 12,957 shares of the bank’s stock valued at $253,000 after buying an additional 826 shares in the last quarter. Parallel Advisors LLC grew its holdings in Banco Santander-Chile by 115.5% in the 4th quarter. Parallel Advisors LLC now owns 1,683 shares of the bank’s stock valued at $33,000 after buying an additional 902 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Banco Santander-Chile by 9.7% in the 4th quarter. Russell Investments Group Ltd. now owns 17,618 shares of the bank’s stock valued at $343,000 after buying an additional 1,551 shares in the last quarter. Finally, Privium Fund Management B.V. grew its holdings in Banco Santander-Chile by 15.1% in the 1st quarter. Privium Fund Management B.V. now owns 13,818 shares of the bank’s stock valued at $274,000 after buying an additional 1,811 shares in the last quarter. 6.42% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Santander-Chile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.